Exclusive: Alibaba in talks to hike stake in Chinese courier YTO Express

Exclusive: Alibaba in talks to hike stake in Chinese courier YTO Express

4 years ago
Anonymous $UzyKJJH9oy

https://www.reuters.com/article/us-alibaba-m-a-yto-exclusive/exclusive-alibaba-in-talks-to-hike-stake-in-chinese-courier-yto-express-idUSKBN25N0VO

Alibaba is in talks with YTO Express Group's founders to raise its stake in the Chinese courier company with an aim to become the top shareholder, two people told Reuters, as it accelerates consolidation in the world's largest express delivery market.

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